INVESTMENT BANKING DATABASE: RETAIL

PUB. DATE

May 2005

SOURCE

Investment Dealers' Digest;5/30/2005, Vol. 71 Issue 21, p52

SOURCE TYPE

Trade Publication

DOC. TYPE

Article

ABSTRACT

The article presents retail trade-related statistics and various news items associated with retailing. Reebok International Ltd. is selling its Rolph Lauren Footwear unit back to Polo Rolph Louren for $110 million, ending a nine-year contract under which the Reebok unit made and sold shoes under the Rolph Lauren brand name. In another development, plus-sized women's apparel chain Charming Shoppes Inc. is acquiring Crosstown Traders Inc., a direct marketer of women's apparel, footwear and specialty gifts, from JPMorgan Partners LLC for $218 million.

Reports on the agreement of Charming Shoppes Inc. to acquire direct marketer Crosstown Traders from J.P. Morgan Partners LLC in May 2005. Value of the deal; Terms of the acquisition; Revenue of Crosstown in 2004.

Reports on the financial performance of Charming Shoppes Inc. for the first quarter of 2005. Net income posted by the company; Forecasted performance of the company for the second and third quarters of 2005; Advantages of the company's acquisition of Crosstown Traders Inc.

The article reports on the increase in the earnings of women's plus-size retailer Charming Shoppes Inc. for the fourth quarter ended January 28, 2006. Factors which contributed to the increase include strong operating margins from retail stores, reduction in the tax rate for the quarter and the...

The article reports on the acquisition by Golden Gate Capital company Orchard Brands of the Crosstown Traders catalogs from Charming Shoppes in 2008. According to the article, several catalogs were aquired for $35 million including Old Pueblo Traders, Bedford Fair, and Willow Ridge, but does not...